Mrs. You K. and her husband, Mr. Khut Sieng, are farmers who own a two-hectare (~ 5-acre) plot of land. They grow rice and sugar cane which they sell to support their family. Mrs. K. has a problem, because is time to grow rice in her field, but she does not have enough rice seed to grow. So, to improve production, Mrs. You K. is requesting a loan to buy rice seed.
She is 47 years old and the mother of three children. Two of her children are employed in a garment factory and the other is an iron welder.
About AMKAngkor Microfinance Kampuchea (AMK) is a leading microfinance institution in Cambodia with a wide reach of operations. AMK works with over 6,000 villages and serves clients in every Cambodian province. With an average loan size of US$115, AMK’s focus is to provide credit and savings products to the very poor in rural areas. For more information, please visit AMK's website.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
106View loans »
Success!! The loan was 100% repaid